IES Holdings, Inc. (NASDAQ:IESC) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 56.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,269 shares of the technology company's stock after acquiring an additional 2,636 shares during the period. Principal Financial Group Inc.'s holdings in IES were worth $1,451,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. raised its stake in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock valued at $37,000 after purchasing an additional 194 shares during the period. Quest Partners LLC increased its stake in IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after buying an additional 86 shares during the period. Gladius Capital Management LP acquired a new position in IES in the 3rd quarter worth $44,000. CWM LLC boosted its position in IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after buying an additional 100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of IES during the second quarter valued at about $170,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,359 shares of company stock worth $7,341,029. Insiders own 59.19% of the company's stock.

IES Stock Up 7.6 %

Shares of IESC traded up $15.98 during trading on Friday, reaching $225.67. The company's stock had a trading volume of 144,082 shares, compared to its average volume of 135,591. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 22.82 and a beta of 1.52. The company has a fifty day moving average of $248.94 and a two-hundred day moving average of $198.40. IES Holdings, Inc. has a twelve month low of $76.50 and a twelve month high of $320.08.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IES from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.